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Despite the growing amount of literature on women′s career life histories and individual career paths, analysis of the different and changing organizational contexts in which women pursue their careers is sparse. Uses an in‐depth case study of Public Sector Utility to examine how the restructuring of a public sector bureaucracy over a five‐year period affected the careers of women managers. Finds that although restructuring at PSU has opened up opportunities for women through an increase in the number of managerial jobs and through changes in the objective requirements of managerial work, a number of factors operated to keep glass ceilings in place: the concentration of women in the“velvet ghetto” of human resources, or their isolation in the cul‐de‐sac of other professional specialisms; the increased significance of informal organizational processes and networks as a means to career progress in a time of uncertainty; poor line manager support for access to work‐related career development opportunities such as special development projects and task force memberships; and generic corporate‐wide equal opportunity policies and processes which emphasize formal procedure and practice, and which have become marginal to core business concerns and the rest of human resource policy.

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